TSX:MFC - Toronto Stock Exchange - CA56501R1064 - Common Stock - Currency: CAD
Taking everything into account, MFC scores 5 out of 10 in our technical rating. Although MFC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Although the technical rating is only medium, MFC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 42.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.55, a Stop Loss order could be placed below this zone.
37.79
When analyzing the support we notice one important area.
We can see 3 important resistance areas.
TSX:MFC (4/28/2025, 7:00:00 PM)
42.14
+0.21 (+0.5%)